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If you need to show a loss on your tax return
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Topic: If you need to show a loss on your tax return (Read 5903 times)
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Cashout
Open / FFA
Posts: 440
If you need to show a loss on your tax return
«
on:
October 26, 2025, 02:06:52 AM »
Take a piece of a six figure yearling purchase with Tony Alanga or Andy Miller is the fastest way to accumulate the losses that you need.
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MTP1972
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Posts: 176
Re: If you need to show a loss on your tax return
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Reply #1 on:
October 26, 2025, 06:08:25 AM »
According to IRS rules, you do need to show a profit in 2 of the last 7 years to claim the losses, otherwise they classify it as a hobby, and you can't claim your losses, well you still could and hope you don't get audited.
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Cashout
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Posts: 440
Re: If you need to show a loss on your tax return
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Reply #2 on:
October 26, 2025, 07:37:37 AM »
Good to know. I guess we’ll scratch this idea , a profit two out of seven years with these two jokers isn’t likely
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If you need to show a loss on your tax return
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rainman2
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really Andrew
November 09, 2026, 11:38:30 PM
Trigger
:
It taint who you know Andrew it's who taint blows
November 09, 2026, 09:06:31 PM
andrew
:
taint rainys butt buddy
November 09, 2026, 08:47:34 PM
andrew
:
caps coming soon
November 09, 2026, 08:46:25 PM
andrew
:
tait a sub
November 09, 2026, 08:45:47 PM
andrew
:
November 09, 2026, 08:45:27 PM
andrew
:
taint jessica ?
November 09, 2026, 08:43:56 PM
ScrapeThePaint
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Calhoun- don’t pay attention to AnScrew! He’s a brain dead gay fuck who thinks everyone’s name is Jessica. He’s a moron
November 09, 2026, 08:37:54 PM
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